Economy

New Delhi: The World Bank’s Board of Executive Directors has approved the $800 million Amaravati Integrated Urban Development Programme, aimed to establish the city as a well-managed, climate-resilient growth centre in Andhra Pradesh that generates jobs and improves the lives of its current and future residents. “With its urban population expected to double to 950

Bengaluru: Unicorns (with valuation $1 billion and above) continue to be among the large employers in India and overall, 116 Indian unicorns employed 4,10,829 people in August this year compared to 4,17,561 employees recorded in the same month last year, a report showed on Friday. Unicorn hiring peaked in March at over 42,000 cumulative employee

New Delhi:  The US and India are set to strengthen space cooperation, including for human spaceflight, and joint space exploration, and are expected to facilitate commercial partnerships between space companies of both countries to advance shared interests in the growing space economy. After US President Joe Biden and Prime Minister Narendra Modi in June 2023

New Delhi: Tata Power Renewable Energy Limited (TPREL), a subsidiary of the Tata Group, on Friday said it has joined Canara Bank to promote the adoption of rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana. As part of the initiative, households can benefit from tailored financing options under the PM Surya Ghar

New Delhi: NITI Aayog on Thursday released a comprehensive report on the crucial role of secure, affordable, flexible, and efficient (S.A.F.E.) accommodations for industrial workers in boosting India’s manufacturing sector. India is poised to elevate its manufacturing sector’s contribution to GDP from the current 17 per cent to 25 per cent as part of its

New Delhi: A framework to ensure the traceability of all commercial SMS has been achieved which is a major step towards creating a safer and spam-free messaging ecosystem, the Telecom Regulatory Authority of India (TRAI) said on Thursday. Under this framework, all principal entities (PEs) such as businesses, banks, and government agencies along with their

Mumbai: The Indian equity indices closed in red on Thursday amid weak global cues after the US Federal Reserve’s hawkish stance on rate cuts, as with moves towards maximum employment and price stability, its FOMC halved the number of rate cuts expected for 2025. Sensex closed at 79,218.05 down by 964.15 points, or 1.20 per

New Delhi:  The Indian medical devices, a sunrise sector in the country with growth potential, is estimated to grow to $30 billion by 2030, Union Minister of State for Health and Family Welfare Anupriya Patel said on Thursday. Addressing the plenary session at the 21st Health Summit of the Confederation of Indian Industry (CII), Patel

New Delhi: Global automaker Range Rover on Thursday announced the start of sales for the 2025 ‘Made in India’ Range Rover Sport in the country. The ‘2025 Range Rover Sport’ – the first made-in-India vehicle exclusively for the country– is now available in smooth and powerful 3.0l Petrol Dynamic HSE and 3.0l Diesel Dynamic HSE

New Delhi:  The production-linked incentive (PLI) scheme for automobile and auto components industry has achieved Rs 20,715 crore investment and Rs 10,472 crore incremental sales have been achieved (as of September), with the first incentive disbursement planned for FY2024-25, the government said on Thursday. According to the Ministry of Heavy Industries, out of 115 applications